FedEx acquires Watkins
FedEx Corp. has completed its $780-million cash purchase of the LTL operations of Lakeland, FL-based Watkins Motor Lines and certain affiliates. Annual revenue for the longhaul carrier is pegged at more than $1-billion.
Watkins Motor Lines and Watkins Canada Express, which together include more than 140 service centers and over 14,000 tractors and trailers, will be re-branded FedEx National LTL and FedEx Freight Canada, respectively. They will operate as separate networks within the FedEx Freight segment.
Of Interest
Want to use this article? Click here for options!
© 2008 Penton Media Inc.
